The average rate for a benchmark 30-year mortgage has held at 2.73 percent over the past two weeks, which is only 8 basis points (0.08 percentage points) above its all-time low of 2.65 percent recorded at the start of this year and less than half the average 30-year rate over the past 30 years (5.91 percent).
At the same time, the average rate for a 15-year fixed mortgage has inched back down to 2.19 percent, which is only 3 basis points above its all-time low of 2.16 percent four weeks ago, and the average rate for a 5-year adjustable has inched up to 2.79 percent.